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1435 S WESTMORELAND AVE $3,595,000

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    1435 S WESTMORELAND AVE LOS ANGELES, CA 90006

    • 20 Beds
    • 16 Baths
    • 8,163 sq. ft.
    • Multi-Family
    • MLS# 22-187041
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    Views: 4 Days On Site: 95

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    Property Details

    We are pleased to present 1435 S Westmoreland Avenue, a FULLY-LEASED, newly built 5-unit townhouse complex in Pico Union. This high demand rental will provide proud investors with an unparalleled 5.23% Cap Rate, with easy maintenance and little management needed. 1435 S Westmoreland features (2) 4 Bed/3.5 Bath, (2) 4 Bed/ 2.5 Bath, and (1) 4 Bed/ 4 Bath units with high ceilings, attached balconies, in-unit washer & dryer, stainless steel appliances, and attached tandem parking. In addition to the impressive return, investors will notice increased gentrification occurring at a quick pace in Pico Union as upscale multifamily developments are increasingly popping up, heightening the desirability of the neighborhood. The developer has kept in mind the needs and desires of today's renters and executed accordingly within these five units. Investors will also enjoy extreme desirability in the already present active community and steadily increasing rents for years to come.

    • General Features
      • County Los Angeles
    • Building Features
      • Total # of Baths 16.00
      • Total Bedrooms 20
      • Cooking Appliances Cooktop - Gas, Oven-Gas
      • Cooling Central
      • Heating Central
      • Laundry In Unit
      • Levels Multi/Split
      • Living Area 8163
      • Stories 3
    • Property Features
      • # of Carport Spaces 10
      • Other Structures None
      • Sewer In Street
      • View Description City

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    Neighborhood

    90006 (LOS ANGELES) Demographics

    34 Median Age
    30,503 Population Density (per sq. mile)
    24% College Educated
    $37,375 Estimated Median Income
    1,777 Estimated Total Home Owners
    17,372 Estimated Total Renters
    9% / 91% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    58,560 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $720,000 Median Sales Price
    5 Homes Sold
    6 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $3,595,000
        9/15/2022 1:31:57 AM Price Reduced Source: Multiple Listing Service New Value: $3,595,000 -5.27%
        8/31/2022 6:44:00 PM New in Database Source: Multiple Listing Service New Value: $3,795,000

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        ** Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.


        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.